Fortrade Canada Ltd. as an order-execution only dealer is not permitted to provide you with any advice or recommendations. These Market Commentaries should not be construed as a recommendation, advice or any attempt by Fortrade Canada Ltd. to prompt or influence you in making an investment decision to purchase, sell, hold or exchange any security or to influence the timing of such activity. This content is produced by Fortrade Limited which is not registered in any capacity with any securities regulatory authority in Canada.
71% of retail investor accounts lose money when trading CFDs with this provider.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
70.41% of retail investor accounts lose money when trading CFDs with this provider.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing all your money. Read full risk warning.
EU Session Analysis for CFD Instruments 02/06/2021
Fundamental analysis
02 June, 2021
The Eurodollar currency pair trades slightly higher to around 1.2218 levels during the Asian session this morning. The Euro finished roughly unchanged on Tuesday after a day of choppy trading. Germany’s Manufacturing PMI for May printed at 64.4. Germany’s Unemployment Rate for May came in at 6.0%. French and Italian Manufacturing PMI’s for May were 59.4 and 62.3 respectively. Italian GDP for the 1st Quarter rose 0.1%, Quarter-over-Quarter. Eurozone CPI for May printed at 2.0%, Year-over-Year. In the United States, Construction Spending for April rose 0.2%, Month-over-Month. The consensus forecast was 0.5%. Its ISM Manufacturing PMI for May came in at 61..2, above the consensus forecast of 60.9.